The coefficient of determination for the average low temperature (x) and the average monthly electric bill for Richmond is 0.92. Based on this, which would you say is a better variable to use to estimate the monthly electric bill in Richmond, the average high temperature or the average low temperature? Explain your answer.

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter38: Achievement Review—section Three
Section: Chapter Questions
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The coefficient of determination for the
average low temperature (x) and the average
monthly electric bill for Richmond is 0.92.
Based on this, which would you say is a better
variable to use to estimate the monthly electric
bill in Richmond, the average high temperature
or the average low temperature? Explain your
answer.
Transcribed Image Text:The coefficient of determination for the average low temperature (x) and the average monthly electric bill for Richmond is 0.92. Based on this, which would you say is a better variable to use to estimate the monthly electric bill in Richmond, the average high temperature or the average low temperature? Explain your answer.
Expert Solution
Step 1

Given:

Coefficient of determination

r2=0.92

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